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California Gas Stations Shut as Oil Refiners Ration Supplies

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Gasoline station owners in the Los Angeles area including Costco Wholesale Corp. (COST) are beginning to shut pumps as the state's oil refiners started rationing supplies and spot prices surged to a record. Gasoline at the pump gained 8.3 cents to $4.315 a gallon in California yesterday, according to, 53.1 cents more than the national average of $3.784. In Los Angeles the price was $4.347. Gasoline futures for November delivery on the Nymex rose 14.34 cents to settle at $2.9429 a gallon, after falling yesterday to a 10-week low. Retail price movements tend to lag behind those of futures.

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How many of us can do anything without fuel?In Can... by Paul Repstock on Friday, Oct 5, 2012 at 9:03:36 AM
the President of the American Petroleum Institute,... by John Sanchez Jr. on Saturday, Oct 6, 2012 at 2:20:57 AM
It just cloned. In a small way the American peopl... by Paul Repstock on Saturday, Oct 6, 2012 at 11:03:50 AM
and it's a major part of what is keeping us burnin... by John Sanchez Jr. on Saturday, Oct 6, 2012 at 11:23:51 PM
Finally! Finally the environment gets a break. As ... by Simon Leigh on Saturday, Oct 6, 2012 at 11:00:49 AM